By Anthony Faiola, Washington Post, 29
October 1998. The government discloses details of its
three-year, $84 billion fiscal austerity package, winning
praise from the International Monetary Fund and the Clinton
administration. But the plan was criticized by some private
economists, who said it is unrealistic.

By Molly Charboneau, Workers World, 29
October 1998. Indians from several nations in Brazil
demonstrated in the capital against a harsh government
austerity plan that has been imposed by the International
Monetary Fund in exchange for $30 billion in loans to the
Brazilian government. Background to financial crisis.

By Hilda Cuzco, The Militant, 7 December
1998. Weeks after his reelection as president of Brazil,
Cardoso announced an agreement with the IMF for a $41.5
billion loan package. The condition was cuts to social
programs, the social security system, and tax increases
affecting millions of workers.